Prometeia, the global leader in Risk Management consulting and software solutions, announced today the release of credit risk functionalities related to regulatory reporting and stress testing in ERMAS 5, its flagship ERM solution.
The integration of the Credit Risk analysis into the new technological framework allows to leverage the whole set of analytical features already present in the suite, including the existing powerful and user-friendly system logic.
“We try to anticipate the future needs of banks in implementing the coming requests for regulatory reporting, stress testing and SREP compliance”, comments Andrea Partesotti, Head of Enterprise Risk Management in Prometeia. “We think we must look beyond the 2016 exercise, and lead the way for the exercises that EBA/ECB and other regulatory authorities will ask banks to perform from 2017 onward”.
The functionalities ported into ERMAS 5 are:
The porting was not a pure technical transposition of the functionalities from one version of the system to the other, but also included many additional features and functional improvements, for example:
ERMAS, the new generation of value-centric Risk solutions, is used by over 200 clients in more than 20 different countries to support their critical decisions and to comply with local and international regulatory requirements.